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Nonprofiteer
← LIGHT OF LIFE SUPPORT CORPORATION 2

Form 990 for tax year 2022

Filed by LIGHT OF LIFE SUPPORT CORPORATION 2.

Totals

Total revenue
$1,715
Total expenses
$134,723
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$1,715
Total assets, end of year
$13,709,776
Total liabilities, end of year
$13,542,394
Net assets or fund balances, end of year
$167,382
Program services expenses (Part IX)
$102,473
Management and general expenses
$32,250
Fundraising expenses
$0
Program service expenses (Part III)
$102,473

Program services were 76.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 11d · All other revenue

    total $1,715 · excluded $1,715

  • 11e · Other revenue, total

    $1,715

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $101,600 · program services $101,600

  • 24a · Other expenses: CONTRACTED SERVICES

    total $32,250 · management and general $32,250

  • 24b · Other expenses: EQUIPMENT

    total $873 · program services $873

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,039,076 · end of year $199,184

  • 9 · Prepaid expenses and deferred charges

    beginning of year $733 · end of year $417

  • 10a · Land, buildings and equipment: cost or other basis

    $13,510,175

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $6,960,767 · end of year $13,510,175

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,573,327 · end of year $352,966

  • 23 · Secured mortgages and notes payable

    beginning of year $10,160,000 · end of year $10,160,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,029,428

  • 27 · Net assets without donor restrictions

    beginning of year $267,249 · end of year $167,382

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF LIGHT OF LIFE MINISTRIES, INC.

Activities or mission (Part I)

THE CORPORATION IS ORGANIZAED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF LIGHT OF LIFE MINISTRIES, INC.

  • THE CORPORATION IS ORGANIZED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF LIGHT OF LIFE MINISTRIES, INC.

    Expenses $102,473

As filed on the 2022 return.

Listed in Part VII

  • GLENN GRANER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • RACHEL SCHMIEDLIN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CHRIS CHANEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JOHN READ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LOUSE M HERRLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JERREL GILLIAM

    EXECUTIVE DIRECTOR

    Total calculated
    $163,482
    From this org
    $0
    From related orgs
    $143,055
    Other
    $20,427
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,055 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,548 related
    Nontaxable benefits
    $0 + $14,879 related
    Filer's total
    $0 + $163,482 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
27 June 2024
IRS schema version
2022v5.0
Source object
202431799349300403

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